GXO Logistics, Inc. (NYSE:GXO) Given Average Recommendation of “Moderate Buy” by Brokerages

GXO Logistics, Inc. (NYSE:GXO) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $69.00.

GXO has been the subject of several analyst reports. TD Cowen boosted their target price on GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Morgan Stanley restated an “overweight” rating and issued a $70.00 target price on shares of GXO Logistics in a report on Tuesday, May 14th. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price target on shares of GXO Logistics in a report on Wednesday, May 15th. Loop Capital cut their price target on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. upped their price target on GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th.

GXO Logistics Trading Up 0.7 %

Shares of NYSE GXO opened at $55.70 on Monday. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 40.07, a PEG ratio of 1.67 and a beta of 1.60. The business has a 50 day simple moving average of $50.61 and a 200 day simple moving average of $51.88. GXO Logistics has a 52 week low of $46.38 and a 52 week high of $67.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 0.94.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. GXO Logistics had a return on equity of 10.60% and a net margin of 1.68%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts predict that GXO Logistics will post 2.78 earnings per share for the current fiscal year.

Insider Transactions at GXO Logistics

In other GXO Logistics news, CEO Malcolm Wilson bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of $49.95 per share, for a total transaction of $499,500.00. Following the completion of the acquisition, the chief executive officer now owns 100,814 shares of the company’s stock, valued at $5,035,659.30. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On GXO Logistics

Several large investors have recently made changes to their positions in GXO. Headlands Technologies LLC acquired a new position in shares of GXO Logistics during the fourth quarter valued at $59,000. Mather Group LLC. raised its position in shares of GXO Logistics by 170.7% during the second quarter. Mather Group LLC. now owns 1,110 shares of the company’s stock worth $60,000 after purchasing an additional 700 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of GXO Logistics by 920.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,276 shares of the company’s stock worth $64,000 after purchasing an additional 1,151 shares during the period. Motco raised its position in shares of GXO Logistics by 2,836.4% during the first quarter. Motco now owns 1,292 shares of the company’s stock worth $69,000 after purchasing an additional 1,248 shares during the period. Finally, Smithfield Trust Co raised its position in shares of GXO Logistics by 16.5% during the first quarter. Smithfield Trust Co now owns 1,378 shares of the company’s stock worth $73,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.